Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Update

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 15,447 shares, an increase of 31.3% from the December 31st total of 11,764 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 5,660 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 5,660 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its position in Simplify US Equity PLUS Convexity ETF by 3.6% in the second quarter. CWM LLC now owns 7,344 shares of the company’s stock worth $303,000 after acquiring an additional 254 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in shares of Simplify US Equity PLUS Convexity ETF by 931.3% in the 3rd quarter. Evolution Wealth Management Inc. now owns 69,941 shares of the company’s stock valued at $2,997,000 after purchasing an additional 63,159 shares in the last quarter. Austin Wealth Management LLC lifted its holdings in Simplify US Equity PLUS Convexity ETF by 13.1% during the second quarter. Austin Wealth Management LLC now owns 824,404 shares of the company’s stock worth $33,544,000 after buying an additional 95,713 shares during the period. LifeWealth Investments LLC purchased a new position in Simplify US Equity PLUS Convexity ETF in the second quarter valued at about $237,000. Finally, Entrewealth LLC grew its position in shares of Simplify US Equity PLUS Convexity ETF by 8.5% in the 2nd quarter. Entrewealth LLC now owns 198,466 shares of the company’s stock worth $8,201,000 after buying an additional 15,632 shares during the last quarter.

Simplify US Equity PLUS Convexity ETF Trading Up 0.6%

SPYC traded up $0.26 during midday trading on Monday, reaching $43.17. The company’s stock had a trading volume of 7,221 shares, compared to its average volume of 7,996. The stock’s 50-day moving average is $43.08 and its 200-day moving average is $42.52. The firm has a market capitalization of $98.43 million, a price-to-earnings ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a 1 year low of $30.67 and a 1 year high of $45.21.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.